Interview: Safeguard duty will not derail any projects
Indian Solar Manufacturing Association (ISMA) General Secretary, HR Gupta speaks to pv magazine about the petition filed by ISMA for safeguarding the domestic manufacturing sector. Gupta seeks to alleviate doubts regarding the safeguard duty and justifies the upcoming tariff by stressing that no derailment of projects will happen.
WFES: ISA signs letters of intent for $5bn financing, MNRE announces $350 million for solar
This week’s World Future Energy Summit (WFES) saw a letter of intent inked at the International Solar Alliance’s (ISA’s) pavilion to secure financing of up to US$5 billion with India’s YES Bank by 2030. MNRE head, R.K. Singh also announced a $350 million solar development fund by the Indian Government for solar projects.
Subsidies alone will not scale-up solar pumps, says CEEW
India’s Council on Energy, Environment, and Water (CEEW), which is actively working with the Indian government to update the country’s solar target, says increasing solar pump installations in India requires more than just subsidies.
Summary: Central subsidies for solar PV
The Indian government has introduced a number of subsidies under various categories of solar projects, from big PV parks to small rooftop and off-grid installations, in order to achieve its 100 GW solar target by 2022. The current status of the subsidies are summarized below.
Azure Power commissions 100 MW NTPC project in Telengana
Azure Power, one of India’s leading independent solar power producers, has commissioned a 100 MW NTPC solar power plant in Telangana.
Uttar Pradesh tenders 1,000 MW PV projects
Uttar Pradesh’s UPNEDA has released a 1,000 MW tender for solar PV projects to be installed anywhere in the state. Bid submissions are due on February 2.
SECI postpones 2 GW tender and extends solar manufacturing EoI deadline
The Solar Energy Corporation of India has postponed the 2 GW PV project tender until further notice. The company has also extended the deadline for expression of interest for setting up the solar manufacturing plant in India until January 29.
Orb Energy raises over $15 million for rooftop solar
The investments from Netherlands-based FMO and the U.S.’s OPIC will help to grow the company’s platform in India, which finances rooftop solar for SMEs. Orb Energy will also expand its Kenyan operations.
Azure Power wins 200 MW in SECI auction
Azure power has won a 200 MW solar PV project to be developed at the Bhadla Solar Park in Rajasthan, in an auction conducted by the Solar Energy Corporation of India (SECI).
India mulls 70% safeguard duty against imported solar cells and modules
India has proposed to impose safeguard duty at the rate of 70% for a period of 200 days on imported cells and modules coming from China PR and Malaysia.
